Quote:
Originally Posted by Mr.Doback
My buddy just bought a house for $450k and that is with a 65k/yr salary, no wife/kids and we are both 2 years out of school and make the same income.
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Are there any details missing from that? I had a similar starting salary out of college, but was only approved for a $250k loan at the time.
Quote:
Originally Posted by ZenkiKid
If you wanted to open up a long terms savings plan (like 3-4 years at least) What would you guys recommend putting money into? I want something that has a higher APY than a regular savings account.
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3-4 years is not long term. The best I've seen is roughly 1%. Even then, you're technically still loosing value assuming inflation is where its supposed to be.
If you're serious about long term, invest your money. Don't save it.
Quote:
Originally Posted by LEG1T
It should be known that renting is throwing away money.
... Owning > Renting
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That is so wrong.